XML 73 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues                      
Premiums                 $ 22,357 $ 22,090 $ 21,432
Net investment income                 2,889 2,879 3,059
Fee income                 323 296 287
Net realized investment gains                 51 [1] 55 [1] 264 [1]
Other revenues                 120 126 70
Total revenues 6,477 6,512 6,359 6,392 6,373 6,407 6,388 6,278 25,740 25,446 25,112
Claims and expenses                      
Claims and claim adjustment expenses                 14,676 16,276 13,210
Amortization of deferred acquisition costs                 3,910 3,876 3,802
General and administrative expenses                 3,610 3,556 3,406
Interest expense                 378 386 388
Total claims and expenses 6,166 5,342 5,751 5,315 5,595 6,075 7,115 5,309 22,574 24,094 20,806
Income before income taxes 311 1,170 608 1,077 778 332 (727) 969 3,166 1,352 4,306
Income tax expense (benefit) 7 306 109 271 160 (1) (363) 130 693 (74) 1,090
Net income $ 304 $ 864 $ 499 $ 806 $ 618 $ 333 $ (364) $ 839 $ 2,473 $ 1,426 $ 3,216
Net income per share                      
Net income per share, basic $ 0.79 $ 2.23 $ 1.27 $ 2.04 $ 1.52 $ 0.80 $ (0.88) $ 1.94 $ 6.35 $ 3.40 $ 6.69
Net income per share, diluted $ 0.78 $ 2.21 $ 1.26 $ 2.02 $ 1.51 $ 0.79 $ (0.88) $ 1.92 $ 6.30 $ 3.36 $ 6.62
Weighted average number of common shares outstanding                      
Weighted average number of common shares outstanding, basic                 386.2 415.8 476.5
Weighted average number of common shares outstanding, diluted                 389.8 420.5 482.5
[1] Total other-than-temporary impairment (OTTI) gains were $27 million, $30 million and $7 million for the years ended December 31, 2012, 2011 and 2010, respectively. Of total OTTI, credit losses of $(15) million, $(25) million and $(26) million for the years ended December 31, 2012, 2011 and 2010, respectively, were recognized in net realized investment gains. In addition, unrealized gains from other changes in total OTTI of $42 million, $55 million and $33 million for the years ended December 31, 2012, 2011 and 2010, respectively, were recognized in other comprehensive income as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.